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Screenshot of a breaking news alert e-mail from Q2 2017
Shares of UK spreadbetting firm London Capital Group Holdings plc (LON:LCG) were trading up nicely on Thursday morning after the company released summary results for Q4 and full year 2014.
In early trading Thursday, LCG was up 4% to £0.43 per share – its highest level since 2013.
Some of the changes being made by the new management team (installed by the new ownership group led by Charles-Henri Sabet) have yet to take effect. But clearly, LCG saw a strong Q4 as many online trading firms rode the wave of greater volatility to see much higher volumes and profitability during the last few months of 2014.
Some of the financial highlights include:
- Revenues. Q4 revenues at LCG hit £8.6 million. During the first three quarters of the year revenues averaged just £4.6 million. That’s a nice 87% increase! For the year, LCG did £22.5 million in revenue.
- Profits. After reporting a loss for the first nine months of the year, LCG turned that around in Q4 to report a modest overall profit for full year 2014. Full year 2014 adjusted profit before tax is expected to be in the region of £0.3 million.
Executive Chairman Charles-Henri Sabet said:
The Group starts the new financial year transformed, making underlying profit on the back of revenue growth that accelerated during the fourth quarter and has strongly positioned us to take advantage of growth opportunities within our chosen markets. The final quarter of 2014 saw the Group restructured with a strongly recapitalised balance sheet and a new senior leadership team put into place.
To see the LCG press release on summary Q4 / 2014 results click here.